Is Tars AI Next Big Thing? Whales Buy 9.09M TAI as Binance Listing Hypes

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As a seasoned crypto investor with over a decade of experience navigating market ebbs and flows, I’ve seen my fair share of bull runs and bear markets. But the current surge in Tars AI is something that catches my attention like no other. With its impressive 13.36% jump over the past 24 hours, it’s hard not to notice this rising star.

As a researcher, I’m observing that the price of Bitcoin (BTC) is holding steady above the $98,000 mark, contributing to the overall crypto market cap rebounding to over $3.5 trillion. In this context of improving sentiments, notable AI and big data tokens are experiencing a resurgence, with standout performers such as Tars AI gaining 13.36% within the last 24 hours.

Compared to other leading AI tokens, Tars AI boasts a more modest market cap of about $283 million. Remarkably, it has managed to break through the $0.40 barrier. Currently, at the time of writing, each TAI token is being traded for $0.4101. In the last 24 hours, the trading volume has skyrocketed by a staggering 147%, reaching an impressive $161.32 million.

2 Whale Wallets Purchase $3.62M TAI

During this continuing upward market trend, there’s been an increase in large investor attention towards the AI token. Notably, with its latest record peak at $0.428, two significant investors (often referred to as “whales”) have amassed a substantial amount of TAI tokens.

The two newly activated wallets collectively accumulated 9.09 million TAI tokens. At current prices, this purchase is valued at $3.62 million.

In the last 24 hours, the wallet identified as “5BCgq” collected approximately 8.417 million TAI tokens with a value of around $3.35 million. On the other hand, another large-scale wallet, referred to as “HapvX,” transferred out about 675,303 TAI tokens valued at roughly $268K. These transactions were processed via Vidamute.

1) A significant withdrawal took place on Gate.io Exchange within the past 14 hours, which has sparked speculation among traders that a bull run could be imminent for Tars AI due to large purchases by whale investors.

Binance Listing Chances Improve for Tars AI

Tars AI’s position has soared to number six on Binance’s Futures Newblood ranking, as interest in the TAI token grows. This listing represents potential future additions to the Binance trading platform.

As speculation grows that the TAI token might be listed on Binance, optimistic forecasts are fueling greater interest and market fluidity. With the price trend gaining speed due to heightened trading activity and predictions, TAI is demonstrating strong performance in the last 24 hours.

Tars AI Ready for Breakout Rally to $0.50

In response to growing interest among whales, the TAI token has made a strong recovery as shown on the 4-hour chart. After rebounding from a significant support trendline, the current price of Tars AI is attempting to break through a long-standing resistance level at $0.40.

The supply area aligns with the 23.60% Fibonacci point priced at $0.40. The past four-hour price bar demonstrates an increase of approximately 2.46%, steadily moving beyond the supply region.

If the market for Tars AI closes bullishly above its current zone, it significantly boosts the chance of a prolonged upward trend. According to Fibonacci ratios, potential high points could be reached at $0.48 and $0.55, aligning with the 38.20% and 50% thresholds respectively.

Instead, if we see a downtrend (bearish return), it’s probable that prices will revisit the 50-day or 100-day moving average lines. These flexible support levels are currently at approximately $0.3758 and $0.3443 respectively.

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2024-12-11 17:12